Describe a “Token Burn” That Is Not Tied to a Stablecoin’s Peg Mechanism.
Many non-stablecoin crypto projects implement token burns to reduce the total supply of the token, which is a deflationary mechanism. This is often done using transaction fees (e.g. a portion of every transaction is burned) or as part of a scheduled event.
The goal is to increase the scarcity and potentially the value of the remaining tokens.
